Net Earnings by Place of Residence in Hawaii
HIENET • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63,368,879.00
Year-over-Year Change
18.02%
Date Range
1/1/1998 - 1/1/2025
Summary
The 'Net Earnings by Place of Residence in Hawaii' series measures the total net earnings for residents of Hawaii. This metric is important for understanding economic activity and income levels in the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the net earnings, or total compensation, received by Hawaii residents from various sources including wages, salaries, and business income. It provides a comprehensive view of the state's economic performance and can inform policymakers and analysts about the overall prosperity of Hawaii's population.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources including surveys and administrative records.
Historical Context
This metric is used by economists, policymakers, and market analysts to assess the economic health and living standards in Hawaii.
Key Facts
- Hawaii's net earnings totaled $72.5 billion in 2021.
- Net earnings per resident in Hawaii were $49,500 in 2021.
- The services sector accounts for the largest share of Hawaii's net earnings.
FAQs
Q: What does this economic trend measure?
A: The 'Net Earnings by Place of Residence in Hawaii' series measures the total net earnings, or compensation, received by residents of Hawaii from various sources including wages, salaries, and business income.
Q: Why is this trend relevant for users or analysts?
A: This metric provides a comprehensive view of the economic performance and living standards in Hawaii, which is important for policymakers, economists, and market analysts to assess the state's overall prosperity.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using a variety of sources including surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to understand the economic health and living standards in Hawaii, which can inform decisions related to fiscal, monetary, and social policies.
Q: Are there update delays or limitations?
A: The net earnings data for Hawaii is typically released on a quarterly basis with a lag of several months, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, Net Earnings by Place of Residence in Hawaii (HIENET), retrieved from FRED.